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we have word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at 1130, the stock market droops here. the second time in a row. guys in europe are getting concerned. they want to lighten up. second thing that happened that's important here, is dollarle rallied at the exact same moment we had yesterday. of course, what happens when that happens? it puts pressure on commodities and puts pressure on commodity stocks. all the big names in energy and the material groups on the weak side. and sharon, we saw a heck of a lot of contracts traded in oil in the last hour and a half. >> that's right. over 400,000 contracts traded today, bob, and this is the second straight day of massive contract
we have word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at...
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Feb 5, 2010
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he had a chance to get rid of ben bernanke and replace him with someone like john taylor. he had a chance to get rid of tim geithner. he didn't do that. >> okay, peter, it sounds like a series of things in your view. i have got leave it there. we have breaking news over at the breaking news desk. steve? >> thanks very much. we have talked to senator she y shelby's office. his office is telling us the senator shelby still believes that regulatory reform bill is still possible this year. they reveal there has been an area of agreement that we didn't know about that they agreed on the idea of a consolidated regulator. where the disagreement is over the issue of consumer protection. dodd wants consumer protection part of the agency to write its own rules. shelby said consumer protection rules must coordinate with safety and soundness. no agreement on resolution authority and other areas. dodd says there is an impasse that doesn't mean that regulatory reform is dead. shelby's office believes it is possible. >> tax issues, health care, still very mup on the agenda. >> the j.p. m
he had a chance to get rid of ben bernanke and replace him with someone like john taylor. he had a chance to get rid of tim geithner. he didn't do that. >> okay, peter, it sounds like a series of things in your view. i have got leave it there. we have breaking news over at the breaking news desk. steve? >> thanks very much. we have talked to senator she y shelby's office. his office is telling us the senator shelby still believes that regulatory reform bill is still possible this...
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Feb 5, 2010
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>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an expensive area, i know that. i don't know. it's over there. >> reporter: over there? >> across the way. >> say it slowly. united arab emirates. >> reporter: how much is $1,000 worth of gold worth? >> $1,000 worth of gold? $1,000. >> reporter: $1,000 worth of gold is probably worth $1,000, right? >> no, more than that. >> reporter: $1,000 of gold is worth more than $1,000 of gold? >> gold is up right now. >> reporter: what is the interest rate in the country right now, what%? >> 50. >> 38. >> 38. >> 38. >> reporter: lower. >> 28. >> reporter: lower. >> 18? 8? >> reporter: higher. >> 11. >> reporter: lower. >> 10. >> reporter: yes. >> wow. what everybo
>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an...
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Feb 5, 2010
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>> i want to say ben bernanke? >> who is this guy? >> he looks like a crook? >> why? >> he just got that look about him like he out to take everything you own. >> who is this man? >> dr. phil? >> i think it's roger. >> you know what the fed does? >> lock you up. >> chip, i'm on a game show for like $100,000. what country is dubai in? >> i know it's an expensive area. >> over there. >> across the way. >> say it slowly. united arab emerit. >> how much is a thousand dollars worth of gold worth? >> probably worth a thousand dollars, right? >> the gold is up right now. >> what is our current unemployment rate in this country right now? what%? >> 50. >> 38. 38. >> lower. >> 28? >> lower. >> 18. >> lower. 8. >> higher. >> 11. >> lower. >> 10. what everybody crying about? >> thank you. we'll be back. i keep track of my entire business on this spreadsheet... and all of these. paid invoices go right here. bang! - that hasn't been paid yet. - what? - huh-uh. - all my business information is just a phone call away-- to my wife... who's not answering. announcer: there's a better w
>> i want to say ben bernanke? >> who is this guy? >> he looks like a crook? >> why? >> he just got that look about him like he out to take everything you own. >> who is this man? >> dr. phil? >> i think it's roger. >> you know what the fed does? >> lock you up. >> chip, i'm on a game show for like $100,000. what country is dubai in? >> i know it's an expensive area. >> over there. >> across the way. >>...
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Feb 5, 2010
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that as a new member, i sat as many of my colleagues did when we got a call from secretary paulson and bernanke in saying this guy was-- and we had to react in two days. so sometimes depending upon the issue of the reaction has to be different. babbitt you or do you not agree with the testimony of mr. scovell which are not just limited to rulemaking and now i have a minute and 47 seconds. >> in 15 seconds i get an a-plus on milestones for professionalism. training i get an incomplete and i get a b on fatigue. >> do you agree with his assessment? >> i agree with some of his assessments. >> look forward to your immediate reaction to them and i would say, i would rather see you come to us and be creative in think out of the box and maybe have to figure out how we can do things differently because i think the confidence of the american public is reducing every day that we delay, and i think there is room for us to think creatively and do it different and i look forward to helping you. >> thank you very much. i appreciate that. >> i thank the gentlelady and >> i thank the gentlelady and th from ohio
that as a new member, i sat as many of my colleagues did when we got a call from secretary paulson and bernanke in saying this guy was-- and we had to react in two days. so sometimes depending upon the issue of the reaction has to be different. babbitt you or do you not agree with the testimony of mr. scovell which are not just limited to rulemaking and now i have a minute and 47 seconds. >> in 15 seconds i get an a-plus on milestones for professionalism. training i get an incomplete and...
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according to chairman bernanke of the federal reserve, ben own proprietary trading for commercial banks may not be constructive. dr. summers, chief economic advisor in the current administration in the past has been a vocal proponent removing glass-steagall restraints. is there something in this obama administration and among the regulators concerning the volcker rule and restricting size and if so, what process -- what was expressed there? >> thank you, senator shelby. that's obviously a very important question. the proposals that the president articulated with respect to size and scope two weeks ago were ones that were based on a consensus recommendation of all of his economic team. so -- and i think you've heard secretary geithner and director summers speak to that quite directly. i think with respect to the regulators they are, of course, independent and i feel slightly less comfortable expressing their views. but i do think that in the main they are also supportive of this and we will work with them and obviously with this committee to try to move these ideas forward as an importan
according to chairman bernanke of the federal reserve, ben own proprietary trading for commercial banks may not be constructive. dr. summers, chief economic advisor in the current administration in the past has been a vocal proponent removing glass-steagall restraints. is there something in this obama administration and among the regulators concerning the volcker rule and restricting size and if so, what process -- what was expressed there? >> thank you, senator shelby. that's obviously a...